The UAE has reaffirmed its support for workers' rights on the Workers' International Day. Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, has hailed the UAE leadership's unwavering support for the labour market by endorsing legislation conducive to enhancing the elasticity, resilience and sustainability of the labour market...

Cybercrime has risen to the forefront of physical security concerns. And big firms are acutely aware of the problem, says Ephrem Tesfai from Genetec tells TRENDS.

The Central Bank of the UAE (CBUAE) has announced that the new AED5 and AED10 banknotes have entered circulation in the UAE following distribution to all banks operating in the country.

The main Saudi index had a variable week, the Abu Dhabi exchange suffered a slight decline, while, the main index in Dubai closed unchanged.

A rising number of tech-savvy millennials, 60 percent of whom shop online, is one of the most important factors responsible for the rising ecommerce sales.

The United Arab Emirates announced Friday it will send an astronaut on a six-month mission to space, as it seeks to become a major player in the industry. The country signed "a new agreement to send the first Arab astronaut on a long 180-day mission to the International Space Station",...

The new logistics park is scheduled to open in 2023.

The Central Bank of the UAE said that total bank deposits increased by 0.3 percent, climbing from AED 1,982.4 billion at the end of January 2022 to AED 1,988.2 billion at the end of February 2022. The bank said the rise in total bank deposits was due to growth in...

Legal and business leaders tell TRENDS that the new legislation is in line with the industrial modernization roadmap that the country has undertaken.

The UAE and Turkey are in final talks regarding the launch of a comprehensive economic partnership agreement, according to the UAE’s minister of state for foreign trade, Thani bin Ahmed Al Zeyoudi. The new partnership is expected to double bilateral trade between both countries, strengthen cooperation efforts, create new jobs,...

The spending through the month of April has been widespread, including a broader increase in sales volume and a diversification of family-oriented retail options that enhance the prosperity of the local market.

The event, along with the Arab Women Forum, will be held at Palazzo Versace, Dubai, on May 17 and 18, 2022. The annual event is back in the UAE after traveling to Saudi Arabia and Bahrain.

The CEPA was signed in New Delhi on February 18 in the presence of Crown Prince of Abu Dhabi Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi.

Chanel stores in the UAE reportedly refused to sell products to Russian customers unless they signed a document committing not to use the products in Russia.

Jordan Free and Development Zones Group Director Arwa Hiyari said the beach project is aimed at diversifying tourism.

The UAE-based Aldar Investment is the subsidiary of Aldar Properties.

Its consolidated revenues rose 0.8 percent to AED13.3 billion.

The 30 MW plant will displace almost 450,000 tonnes of CO2 emissions a year and preserve the equivalent of 45 million m3 of natural gas.

From pre-owned cars to electric vehicles, a number of trends are driving the growth of the automobile sector in countries like the UAE and Saudi Arabia.

Etihad Credit Insurance (ECI), the UAE Federal export credit company, and its Indonesian counterpart PT Reasuransi Indonesia Utama (Persero) or Indonesia Re, have signed a reciprocal reinsurance agreement to bolster their bilateral trade. The two agencies also agreed to expand their collaborative initiatives across the globe by fostering sustainable and...

UAE’s Minister of Industry and Advanced Technology Sultan bin Ahmed Al Jaber reviewed bilateral relations with Mostafa Madbouly, Prime Minister of Egypt.

Against the backdrop of mounting concerns about the supply of crude oil, the stock markets in Saudi Arabia and the UAE remained subdued this week.

Certain FMCG companies benefited from the pandemic since people spent more time at home baking and spending time together. As a result, sales of packaged foods, for example, surged during the pandemic.

The company said it added about $653m to Abu Dhabi's economy.

The UAE and South Korea have signed an agreement to boost ties between the two countries to develop entrepreneurship and scale up relationship between SMEs. The MoU was signed by Abdullah Al Saleh, Under-Secretary of the Ministry of Economy; and Kim Ki-mun, Chairman of KBIZ, in the presence of Dr....

The Central Bank of the UAE (CBUAE) has launched two new banknotes, in five and ten dirham denominations, made of polymer and enhanced by advanced technical characteristics and security features. The new banknotes are the third issue of the national currency, and reflect the CBUAE’s aim to keep pace with...

The holiday will last till the third day of the month of Shawwal, which is yet to be declared.

Now, hotel bookings will rise for Eid Al-Fitr, with Gulf markets predicted to see a considerable spike in travel bookings from April 28 to May 5, 2022, which coincides with the resumption of large exhibitions in several GCC capitals.

The uplift in overall performance was primarily driven by beachfront and luxury developments.

It also seems to be extremely helpful for customers who want to pay for a purchase in installments or make payments later, but do not qualify for credit cards. However, they have to be able to qualify for the BNPL schemes being offered, with criteria including a good credit score.

The UAE has launched conventional AED denominated Treasury Bonds (T-Bonds) with benchmark auction size of AED1.5 billion ($400 million). The bonds were launched by the Ministry of Finance (MoF) as the Issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent. Subject to...

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with Terminus Group, an international Artificial Intelligence of Things (AIoT) smart solution provider, to strengthen the company’s trade-related digital infrastructure projects in the UAE and its expansion into new markets. The agreement, signed...

UAE’s real non-oil GDP grew by 7.8 percent in the fourth quarter of 2021, owing to the easing of business closures and the decline in restrictions on international travel, the Central Bank of the UAE (CBUAE) said. The bank said there was a 9.3 percent annual increase in Emirati oil...

The hotels and restaurants, wholesale and retail and health and social services sectors contributed 21.3 percent, 14.1 percent and 13.8 percent respectively.

From the UAE to Saudi Arabia, Qatar to Kuwait, the GCC countries have posted robust growth in the real estate sector, with the transactions touching $137.4 billion in 2021.

The UAE Cabinet has approved the executive regulations of the Federal Decree-Law on Entry and Residence of Foreigners aimed at strengthening the UAE's position as an ideal destination to live, work, and invest. The executive regulations provide comprehensive information on the types and conditions of entry visas and residence permits....

The Abu Dhabi Business Centre (ADBC), a part of Department of Economic Development (ADDED), announced that 80 new economic activities were added during 2021, brining the total of economic activities to 4062 by the end of last year. New added activities cover many vital business sectors, including 40 new commercial...

Rodi Kratsa-Tsagaropoulou, Mayor of Greece's Ionian Islands, explains how an enhanced cultural and tourism ties with UAE will be mutually beneficial for both countries.

More than 1.26 million people have visited Shaikh Zayed Grand Mosque, which has been a leading destination for visitors of the major international events hosted by the UAE. The events include Expo 2020 Dubai, the FIFA Club World Cup, the fifth UMEX and SIMTEX, the International Defence Industry Technology and...

Grocery and fashion are the most significant in-demand categories during the holy month. The two sectors are expected to see the most significant surge as 87% and 70% consumers are planning an increased spending.

While 44 percent of UAE residents want to retire from their jobs before they turn 55, most of them have not come up with any financial plan for their lives after retirement.

The Ministry of Economy (MoE) has received the request to register the Investopia Summit trademark internationally, in line with the country's accession to the Madrid Protocol for International Trademark Registration. Once the procedure is complete, the registration with World Intellectual Property Organization (WIPO) will protect the Summit's trademark in more...

Brands have realised the importance of mobile advertising and smartphones and are utilizing them to capture the attention of target or future potential audiences during Ramadan this year.

Abu Dhabi will host World Utilities Congress in May, bringing together more than 10,000 global utilities professionals to explore topics ranging from the future of low carbon power to water supplies. The World Utilities Congress will be held under the patronage of Sheikh Khaled bin Mohammed bin Zayed Al Nahyan,...

UAE’s Federal Tax Authority (FTA) has announced the launch of Raqeeb, the whistle-blower program for tax violations and evasion, which aims to promote community control over local markets, raise the level of tax compliance in the UAE and reduce tax evasion cases. Effective from April 15, 2022, Raqeeb allows the...

The UAE will allow unvaccinated individuals to travel on April 19 if they present a negative PCR test result taken 48 hours before their departure, and fill out the Al Hosn app travel application to change their status to green, the Official Spokesman of the National Crisis and Emergency Management...

While iftar tents are reinstated this year for government and licensed entities, authorities have advised that the group iftars and suhoor gatherings should be limited to family members in the same household.

Sheikha Lubna Bint Khalid Al Qasimi, the first woman to be an Emirati cabinet minister, opens up to TRENDS about changing perceptions, both in the UAE and abroad.

The shopping behavior has changed a lot in the region in past two years as consumers are looking for promotions and offers especially in food, perishables, groceries and home appliances. Studies suggest that consumers are spending more on cross-border goods, particularly consumer packaged products, during Ramadan this year.

Terming the hosting of Expo 2020 Dubai as a 'truly remarkable World Expo, Dimitri S Kerkentzes, Secretary-General of the Bureau international des Expositions (BIE), lauded the UAE leadership for offering a historic event for the region and the world. Speaking to the media on the conclusion of the Expo 2020...